Report overview
According to a new research report, the number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 39.9 percent from 9.5 million subscribers at the end of 2017 to 153.4 million subscribers at the end of 2020. Moreover, the author forecasts that shipments of embedded car OEM telematics systems worldwide will grow from almost 11.1 million units in 2014 at a CAGR of 31.1 percent to reach 56.0 million units in 2020.
This report aims to provide a comprehensive presentation of the global market for Automotive OEM Telematics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive OEM Telematics. This report contains market size and forecasts of Automotive OEM Telematics in global, including the following market information:
Global Automotive OEM Telematics Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Automotive OEM Telematics market was valued at US$ 15350 million in 2022 and is projected to reach US$ 58480 million by 2030, at a CAGR of 21.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Telematics is a user-friendly technology that has gained popularity among end users. In addition to the aforementioned advantages, increasing awareness among customers could is expected to be a major driver during the forecast period. Technological advancements adopted by the automakers have enabled customers to remotely connect to their vehicles. Moreover, this technology helps customers to gain control of the vehicle, which relays timely information on the performance of the vehicle. In addition to the vehicle manufacturers operating in the telematics market, the telematics equipment manufacturers significantly contribute to market expansion.
The major factors that drive the telematics market are safety and security concerns, 24?7 connectivity, superior driving features, provision of online vehicle diagnostics & maintenance alerts, advanced connectivity solutions, and others. On the other hand, restraints associated with telematics market are the additional expenses borne by the customer for availing the telematics services, threat of hackers breaching the security and accessing data or causing nuisance to the vehicle system, non-availability of uninterrupted & seamless connectivity, and lack of awareness among customers in certain regions.
We surveyed the Automotive OEM Telematics companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive OEM Telematics Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Automotive OEM Telematics Market Segment Percentages, by Type, 2022 (%)
Solutions
Services
Global Automotive OEM Telematics Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Automotive OEM Telematics Market Segment Percentages, by Application, 2022 (%)
Passenger Cars
HCV
LCV
MCV
Two-wheelers
Global Automotive OEM Telematics Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Automotive OEM Telematics Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive OEM Telematics revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Automotive OEM Telematics revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Verizon
Harman
TomTom
AT&T
Vodafone Group PLC
Ford Motors Co.
BMW
Telefonica
MiX Telematics
Trimble Navigation Limited
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive OEM Telematics, market overview.
Chapter 2: Global Automotive OEM Telematics market size in revenue.
Chapter 3: Detailed analysis of Automotive OEM Telematics company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive OEM Telematics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
